A bulletin of current news and island events. With this we can keep up-to-date on all of the important issues and happenings in Maio such as: the transportation problem, the new water plant, cable TV, the long wait for land sales, etc, etc...

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Life in Morro, Ilha do Maio – Cape Verde

Today the small bustling capital reaches out for room to expand, and has discovered ironically that new expansion is somewhat limited.

To the west is the sea, to the south is the new expatriate community of Porto Pieta, to the east there is room until it reaches a hill summit.

The logical growth area is to the north. The airport is located at the right side of the main highway all the way to the interior hills. That leaves only the left (beach-side) of the road that heads north 3.5 km's to Morro. In between is the perfect location for urban expansion. This entire area beginning with a forested location known as FUNCHAGO: a tranquil local blessed with an advantageous, prized location, with the island’s best beaches but a short walk away, near the air airport (however, not beneath the flight plan), the port, and the Salina Beach Resort.

More Publicity for Ilha do Maio

The tropical island of Maio is fast becoming the favoured choice for wealthy Cape Verdeans and is set to attract international investors due to planned infrastructure developments and improved air and ferry links.

The Salinas Beach Resort is the premier development on Maio and is currently under construction by No. 1 Cape Verdean developer Sogei. This project has been financed by funds raised on the Cape Verde Stock Exchange, and the strength of the Sogei name means buyers can be assured that off-plan purchases will deliver both quality and reliability.

The Salinas Beach Resort is located in Porto Ingles near to Maio’s harbour. The resort will include a 4 star hotel, commercial area, gymnasium / sauna, bar and beach club. Three bedroom semi-detached villas are available from €248,000, 2 bedroom 2 bathroom apartments from €126,000 and commercial units from €70,000.

“Before the financial crisis Cape Verde was Europe’s closest tropical destination with a constant climate, direct flights from the UK, a stable economy pegged to the euro, investor-friendly government policy and a vibrant culture – and nothing has changed!” says Akwei.

“Those are just some of the reasons why Cape Verde developed as a highly desirable overseas property investment market - and that’s why it will recover and return to health so much quicker than many other destinations.”

Original Article: easierProperty - click here

Foreign Investment focus on Maio | Maio, Cape Verde

HNW individuals focus on Cape Verde island Maio as foreign investment in archipelago floods in

More countries opening up direct flights to Sal & Santiago.
Links to major oil producing nations to underpin upward spiral in islands’ prosperity.

Wealthy Cape Verdeans make Maio island of choice for property investment
Land and property bargains to be had now.

The island of Maio in the Cape Verde archipelago is becoming THE place to buy for property investors looking for exclusivity at a bargain price, says leading agent Noscasa.

And the fact that an increasing number of nations from around the globe are choosing to invest in Cape Verde is a clear indication that this island nation is rapidly growing in stature in the international business arena.

‘The island of Maio is now offering fantastic opportunities, with both land and property available at very attractive prices,’ said Noscasa MD Paul Akwei.

‘This is the island where wealthy Cape Verdeans are now looking to buy property because of its secluded beauty and close connections to capital city Praia which will allow easy connection to their business interests.

‘Cape Verde is already established as a paradise destination for tourists and holiday home investors but the level of international investment it is now attracting demonstrates that it is fast becoming much more than that. Now is the optimum time for serious investors to take advantage of this growth.’

An increasing number of countries are opening up routes to the international airports on Sal, Sao Vicente and the capital island Santiago, the latest being Delta Airlines which will start flying to Cape Verde from Atlanta in early 2010. This means that when the cross-island fast ferry service begins next year, Maio will be just a 35 minute journey away.

‘The new Delta service is a huge boost to the growing prosperity and international standing of Cape Verde,’ said Akwei.

Investment International - click here to view article

Maio welcomes 50 potential investors |Maio, Cape Verde

The Boa Vista and Maio Integrated Tourist Development Corporation (SDTIBM) will promote a meeting with some 50 Cape Verdean and foreign investors on October 15 in order to present tourist investment opportunities on the two islands. The meeting will take place on Boa Vista.

SDTIBM executive administrator José Carvalho explains that “environmental protection and preservation areas represent 46% of the total area” of tourist development zones on the two islands, and that “the remaining 54% is aimed at tourist enterprises.” Carvalho specifies that only 9% of this 54% is set aside for construction.

Of the lands projected for construction, 12.5% is located in Chave, 8% in Morro de Areia, Santa Mónica and to the south of Porto Inglês, 8.22% in Ribeira Dom João and 15% in Ponta de Pau Seco.

Source: ASemana

New Villa For Sale

Ponta Preta - 1st Line (Maio) Villa for Sale near to the beach.

click here

Stella Maris Construction Pictures

Construction pictures from February till October 2008.

Construction Update

Furniture Supplies to Maio

Received an email from Trevor Wilson, at Boavista Property Services, stating that he intended to supply a container of furniture to Maio, on a first come first served basis.

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